The Blazers have been looking to upgrade at point guard but didn't get very far in talks with Dallas guard Jason Kidd (who re-signed with the Mavericks) or Phoenix's Steve Nash (who agreed to a two-year, $22 million extension with the Suns on Monday). Portland was not looking hard at Miller because the Blazers thought they needed to add someone to the roster with more perimeter shooting skills than the 33-year-old. But with $7.7 million in cap room and a dwindling number of free agents available, Miller may be Portland's last best chance to bring in a veteran player that can help its young core.

Miller has yet to receive an offer from either the Blazers or the Knicks, and one source close to him cautioned that a deal "isn't imminent."

Miller, 33, averaged 16.3 points and 6.5 assists last season for the Philadelphia 76ers. He has missed only five games in 11 seasons. The Sixers haven't expressed interest in giving him a long-term contract.

The Blazers, who unsuccessfully tried to sign forwards Hedo Turkoglu(notes) and Paul Millsap(notes), could use a veteran to help steady their young roster. They also have dangled backup point guard Jerryd Bayless(notes) in trade talks, a rival league executive said.

Since we're rehashing old trade rumors, Marc Berman of the NY Poston David Lee:

But Walsh wants to first make sure Lee is in the bag as his free agency enters Day 20. Walsh said he expected a resolution to Lee's situation this week, but a lot depend on the Blazers, who are mulling signing Lee to an offer sheet.

The Knicks are trying to reel in Lee for $7 to $8 million per season. Lee's agent, Mark Bartelstein, said of the Knicks negotiations: "We're not close to a deal right now."